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What is the issuance and circulation of AAVE coins?

Aave coins, initially issued in 2017, have an initial allocation of 60% for the protocol's DAO, 25% for the Aave team, and 15% for early investors and advisors.

Oct 12, 2024 at 03:47 pm

1. AAVE Issuance

AAVE coins were initially issued on Ethereum through an initial decentralized exchange offering (IDO) in November 2017.
The IDO raised $16.2 million from investors.
1 billion AAVE tokens were created at launch, with the following initial allocation:
- 60% for the protocol's decentralized autonomous organization (DAO)
- 25% for the Aave team
- 15% for early investors and advisors

2. Token Distribution

AAVE's token distribution incentivizes holders to participate in and support the protocol.
Holders can stake their AAVE tokens to earn rewards and participate in governance decisions.
A portion of the protocol's revenue is distributed to AAVE stakers as a reward for their participation.

3. Current Circulation

As of [insert date], there are approximately [insert number] AAVE coins in circulation.
The circulating supply is determined by the number of AAVE tokens that have been issued and not burned or locked up in staking or other mechanisms.
The total supply of AAVE remains at 1 billion tokens.

4. Metaverse Integration

AAVE is expanding its presence into the metaverse platforms such as Decentraland and The Sandbox.
Users can purchase and interact with Aave-branded wearables, properties, and experiences within these virtual environments.
This integration aims to promote the adoption and accessibility of decentralized finance in the Metaverse.

5. Recent Developments

In September 2022, Aave community voted to deploy Aave v3 on six new blockchains, including Arbitrum, Optimism, Polygon, Avalanche, Gnosis Chain, and Fantom.
This expansion aims to increase the accessibility and scalability of Aave's services to a wider range of users.

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